E-commerce giant Amazon on Tuesday announced to launch its first manufacturing line in India later this year. The company will set up the unit in Chennai, Tamil Nadu.
The company annoucned that it set up units with producing “hundreds of thousands” of Amazon Fire TV Stick devices every year. Amazon also that it will invest $1 billion to digitise 10 million small and medium businesses, help businesses in India sell worldwide enabling $10 billion in cumulative exports, and create 1 million jobs by 2025. Amazon said that setting up manufacturing in India reiterates its commitment to the government's ‘Make in India' and 'Aatmanirbhar Bharat' initiatives.
According to an Amazon blog post, it will commence the manufacturing operations in Chennai later this year in partnership with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn. Amazon also said that it will continuously evaluate the scaling capacity of the manufacturing line to additional marketplaces and more cities depending on the domestic demand.
The announcement was made after a meeting between Amit Agarwal, Senior Vice President, Amazon India and Union Minister of Information and Technology Ravi Shankar Prasad. The minister said, “We welcome Amazon's decision to set up a manufacturing line in Chennai, as it will enhance domestic production capacities, and create jobs as well. This will further our mission of creating an Atmanirbhar Bharat which is digitally empowered.”
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